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National Insurance Academy Pune: Ranking, Courses, Fee, Cutoff, Placements, Scholarship

Last updated on August 26th, 2021

NIA Pune, established in the year 1980 by the Ministry of Finance, Govt. of India, LIC, GIC, National Insurance Company, New India Assurance Company, United India Insurance Company, and The Oriental Insurance Company. is considered as one of the best B schools across the country. The institute is popular for its PGDM course with dual specialization. Admission into the institute is based on the candidates’ performance in the previous study, CAT/CMAT examination followed by a GD and PI round.

The institute also considers work experience. The institute has consistently been ranked among the top 100 institutions by NIRF. The institute also has a dedicated placement cell that constantly guides the students regarding the best on-campus job opportunities. NIA has tie-ups with all insurance companies of India which is advantageous for the students as they can get practical knowledge and experience from experienced faculty and 100% of students get placed in insurance companies yearly with a high salary package.

NIA Pune: Quick Facts

  • The institute provides a full-time PGDM course with dual specialization i.e. insurance + finance/HR/IT/marketing
  •  Besides PGDM the academy offers Ph.D. programs also and it is a recognized research center by Savitribai Phule Pune University
  • The PGDM course fee is Rs 9,43,000. To get into the course minimum cut is 600 percentile in CAT and 0 in CMAT
  • NIA has a record of 100% placements yearly as the institute has connections with all insurance and reinsurance companies of India and also of some other countries
  • The faculty of the academy is expertise, experienced and multidisciplinary. They provide practical knowledge to the students. The PGDM program is approved by AICTE and it is recognized by AIU as equivalent to an MBA
  • Many reputed insurance companies come to hire NIA students every year. And the salary package offered to students placed in 2021 ranges from Rs. 7,67,000 to 12,10,000

NIA Pune: Rankings

  • In 2017, the academy received the CSR top institute of India Award and CSR Excellence in Education Award
  • The institute comes under the rank band of 76-100 in NIRF rankings 2017

NIA Pune: Courses and Fees

Programs Details Selection process
  • Duration- 2 years
  • Fees- 9,43,000
  • Eligibility criteria- Graduation from a recognized university with 55% marks for general category and 50% for SC/ST/DA
  • Intake- 120
  • Age limit- 28 for general and 30 for others
Academic record+ CAT/CMAT scores+GDPI (20% weightage on past academic records, 50% on CAT/CMAT and 3% on GDPI)
  • Eligibility- MCom/MBA from a recognized university
Entrance+Personal Interview

NIA Pune: Cutoff

Cut off in CMAT/CAT for the PGDM course are-

Entrance exam Cutoff
CMAT Above 75
CAT 70

The CMAT cutoff for the general category for the 2020-22 batch was 7.5 and 82.5 for OBC. For SC/ST it was 77.5.

NIA Pune: Placements

  • NIA Pune has a record of 100% placements every year
  • All the 92 students of the batch 2019-21 were placed
  • 50+ private General and Life Insurance Companies are there to hire the students of NIA
  • In 2021 placements, the average salary package offered was Rs. 7.67 Lakhs per annum and the highest package offered was Rs. 12.10 Lakhs a year
  • The students also get to involve in 8weeks paid summer internship projects with different companies. The stipend ranges from Rs. 5000 to 35000 per month
  • Some of the top recruiting companies are-
Bajaj Allianz General Insurance Exide Life ICICI Prudential Life Insurance Company Tata AIG General Insurance Company
Aditya Birla Health Insurance Limitless Insurance Brokers Howden Insurance Brokers Se2 India
Policybazaar Insurance India Swiss Re Larsen and Tourbo Infotech Accenture

NIA Pune: Scholarships

  • The institute offers 9 scholarships the value which is 9 lakhs each
  • Those scholarships are offers to students with brilliant academic performance, girl students, and eligible economically weaker students
  • Good academic performance, attendance, and good conduct is required to get these scholarships.
  • Also, 5 scholarships are sponsored by the General Insurance Corporation of India which covers 5% of the tuition fee of a student

NIA Pune: FAQs

Ques. Is National Insurance Academy good for pursuing MBA?

Last updated on July 30th, 2021

Ans. Yes. The National Insurance Academy is a prestigious institute that provides the necessary knowledge which is required to work in an insurance agency and has tie-ups with all insurance companies. The placement record of the university is also good.

Ques. What is the average salary package offered to NIA’s students?

Last updated on July 30th, 2021

Ans. Students of NIA get a good exposure as the institute is a joint venture of insurance PSUs. The salary package starts from 7.5 to 13 lakhs in the IT domain. The highest package offered is 28 lakhs. Even freshers are offered 10 lakhs per annum by an insurance broker. After two to three years of experience, the students can expect more than 10 lakhs a year.

Ques. How can I get admitted to NIA Pune?

Last updated on July 30th, 2021

Ans. For getting admitted to the institute one must fulfill the eligibility criteria and qualify in entrance tests followed by GDPI. The criteria are-

  • Must have a graduate degree in any discipline from a recognized university
  • The applicants must have 50% in graduation and it is 45% for SC/ST/DA students
  •  Candidates are shortlisted for GDPI based on academic records, entrance scores, experience
  • Finally, students get admitted after successful GDPI rounds
Ques. How good is the faculty of NIA?

Last updated on July 30th, 2021

Ans. The faculty of the institute are experienced professionals with senior positions in Indian PSUs. Students get more practical knowledge from these experts.

Ques. Are the students of NIA offered internships?

Last updated on July 30th, 2021

Ans. NIA students have the opportunity to take up 8 weeks of summer internship projects under industry experts with different organizations at different sectors like market research, operations, business analysis, etc. Some of the recruiters are Bajaj Allianz general insurance company, DHFL Pramerica life insurance co., Liberty general insurance company, National insurance co. Ltd, PFRDA, etc in the 2018-2020 batch.